Headlines for Sept. 19, 2016

  1. Kuwait Courts Canadian Heavy Oil Expertise

    While heavy Canadian crude isn’t enjoying the same hype as in the boom days, an OPEC producer is developing its heavy oil assets—and hopes to capitalize on Canadian service industry experience.

  2. Daily Infographic: Crude Oil Price Downturn Has Varied Economic Impact Across Canada

    Canadian gross domestic product (GDP) grew 1.2 per cent in 2015, significantly slower than the 2.6 per cent growth experienced in 2014. Provinces highly reliant on the energy sector, namely Alberta, Newfoundland and Labrador, and Saskatchewan, experienced contractions in GDP between 2014 and 2015, while the majority of the other provinces and territories saw some level of growth.

  3. CSUR Fall Field Trip To The Highwood River Section

    One of the benefits of the upcoming Canadian Society for Unconventional Resources (CSUR) annual field trip is that while the trip will examine specific units, the knowledge gained can be applied to other units.

  4. Corridor Enters Forward Sales Agreement

    Corridor Resources Inc. has entered into a forward sale agreement for the period from Dec. 1, 2016 to March 31, 2017 for an average of 4,755 mmBtu per day of natural gas.

  5. Journey Energy: Change In Major Shareholder

    Journey Energy Inc. announced that Maple Investments Limited (MIE) has agreed to acquire an aggregate of 16,355,798 common shares and restricted voting shares in the capital of Journey from Infra-PSP PartnersInc.(PSP) for aggregate consideration of $33.85 million (being an amount of approximately $2.069 per Share) pursuant to a share purchase agreement dated Sept. 15, 2016.

  6. AOS Shareholders Required To Vote On Proposed Marquee Deal

    Alberta Oilsands Inc. says it is currently considering its alternatives in relation to the proposed plan of arrangement with Marquee Energy Ltd., (DOB, Aug. 19, 2016), after the Court of Queen's Bench of Alberta ordered that AOS shareholders first must vote on the proposal.

  7. Ian Wild To Retire From ATB

    Ian Wild, executive vice-president of ATB Corporate Financial Services, will retire at the end of September, the company announces.

  8. Manitok Files Preliminary Base Shelf Prospectus And Issues Stock Options

    Manitok Energy Inc. has filed a preliminary base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada for the offering of up to a cumulative amount of C$150 million of common shares, preferred shares, debt securities, subscription receipts, warrants, units or any combination thereof over the 25-month period for which the final short form base prospectus remains valid.

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